Taiwan’s Wisdom Marine has cashed in on one of its handysize bulk carriers as it makes room for fresh tonnage.
The Taipei-based bulker giant, led by shipping magnate Lan Chun Sheng (James Lan), is offloading the 2015-built Bunun Glory in a deal with Turkish owner Manta Denizcilik.
The sale, which is the company’s second recorded this year, will bring in $21.5m, according to a Taiwanese bourse filing. The 37,046 dwt ship was picked up as a resale for $22m in April 2015 and should deliver a profit of just over $10m.
Wisdom Marine boasts a fleet of more than 100 bulk carriers with an average age of about six years. The company’s fleet profile is expected to further improve in the next two-to-three years after the delivery of nearly 20 newbuilds, with a pair of Imabari-built handies set to join the fleet later this year.
Tags: Bulker Sale, Wisdom Marine
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